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Does A credit balance in the Manufacturing Overhead account at the end of the year means that overhead was underapplied?
It means there is some WIP
A debit balance in the manufacturing overhead account at year end means?
It means you have incurred more actual manufacturing overhead costs than you have applied to your products (i.e., manufacturing overhead is underapplied).
Factory overhead should be allocated on the basis of?
factory overhead should be allocated on basis of their apportiomen
What is factory Overhead applied?
what isfactory overhead applied
The difference between variable factory overhead incurred and total standard variable factory overhead based on the actual quantity of the cost driver for applying the overhead is the?
cheatFAIL
How do you calculate the amount of over or underapplied overhead?
how do you calculate the amount of the over-or under applied factory overhead?
Does A credit balance in the Manufacturing Overhead account at the end of the year means that overhead was underapplied?
It means there is some WIP
A debit balance in the manufacturing overhead account at year end means?
It means you have incurred more actual manufacturing overhead costs than you have applied to your products (i.e., manufacturing overhead is underapplied).
How do you calculate under and over applied OH?
To calculate under or overapplied overhead, subtract the actual overhead costs from the applied overhead costs. If the actual overhead costs exceed the applied overhead costs, it is overapplied. If the applied overhead costs exceed the actual overhead costs, it is underapplied.
Factory overhead should be allocated on the basis of?
factory overhead should be allocated on basis of their apportiomen
What is Applied manufacturing overhead?
what is factory overhead applied?
What is factory Overhead applied?
what isfactory overhead applied
Is salary of factory manager a period cost?
Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.
Why factory overhead cost is applied on production?
Factory overheads are incurred only and only due to production of the goods. That is why the factory overhead cost is applied to production.
The difference between variable factory overhead incurred and total standard variable factory overhead based on the actual quantity of the cost driver for applying the overhead is the?
cheatFAIL
Is factory manager's salary part of factory overhead cost?
yes
Is depreciation of factory plant and equipment a factory overhead cost?
YES
